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Michigan Economy

Hunger Hits Detroit's Middle Class
By Steve Hargreaves

On a side street in an old industrial neighborhood, a delivery man stacks a dolly of goods outside a store. Ten feet away stands another man clad in military fatigues, combat boots and what appears to be a flak jacket. He looks straight out of Baghdad. But this isn't Iraq. It's southeast Detroit, and he's there to guard the groceries. Ref. Source 1

Economy Michigan

Detroit mayor: 1,000 job cuts amid budget crisis:

Detroit plans to cut 1,000jobs by early next year to help deal with the city's budget crisis and avoid the possibility of a state-appointed emergency financial manager, Mayor Dave Bing announced Friday. Ref. Source 9

Michigan Economy History & Civil Business Politics

Poverty rises dramatically in Michigan:

This is the largest increase in poverty in any state in the country. Three-fourths of this rise occurred before the recession began in 2008 Ref. Source 6

Economy Michigan

Detroit makes its case for bankruptcy: What to expect

Historic trial to study plan to shed $1.7 billion in debt could last until Oct. 17. Ref. Source 5

Economy Michigan

Judge approves Detroit's exit from bankruptcy

Calling the plan fair and feasible, Judge Steven Rhodes read his ruling in open court and plans to issue his official written opinion later this month. Ref. USAToday

Michigan Economy

When its the government in debt they get plenty of leeway. When its the average Joe in debt they get sucked for everything including the shirt on their back.

Michigan Economy

Detroit will exit bankruptcy today, emergency manager says

Kevyn Orr said paperwork required to allow city to emerge from Chapter 9 will be filed today. Ref. USAToday